The purpose of this course is to provide the student with a basic understanding of the forces that have shaped the world economy during the past two centuries. That word economy is characterized today by great disparity in wealth, health, population growth and political freedom among the world's nations. A minority of those nations are highly industrialized and offer their citizens high standards of living and economic security (the developed nations), A much larger group of nations have made considerable progress towards the goals of economic security and high standards of living (the developing), and a sizable minority of nations have seemingly been populations. This course builds on basic micro- and macroeconomic concepts and models and applies those models to the analysis of the economic development in developing countries.
